A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Friday:

___

BRUSSELS _ Greece will get $7.7 billion in new bailout money on Monday _ the first slice of a new rescue package meant to keep the country afloat while it overhauls its economy _ a European Union official said.

___

BERLIN _ German Chancellor Angela Merkel signaled some flexibility Friday on strengthening the 17-country eurozone's financial firewall, but insisted that there would be no increase in the headline value of the continent's rescue fund.

___

LONDON _ In Europe, the FTSE 100 index of leading British shares was up 0.42 percent while the CAC-40 in France rose 0.41 percent. Germany's DAX was 0.1 percent.

___

TOKYO _ In Asia, shares took a breather following a strong run earlier this week.

MADRID _ The Bank of Spain said that the country's debt stood at 68.5 percent of GDP at the end of 2011, the highest ratio since 1995.

___

BRUSSELS _ An EU report says Greece must make a sustained effort to attract future investment and support export-led growth as it seeks to recover from a recession that is now in its fifth year.

___

MUMBAI, India _ India pledged to reduce its deficit by capping subsidies and raising taxes in a new budget that gave investors little hope the weakened ruling party would enact long-promised economic reforms.